November PMI Indicates Slower Manufacturing Sector Expansion
Hungary's seasonally-adjusted Purchasing Managers Index (PMI) fell to 54.7 points in November from 56.4 in October, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Thursday, according to a report by state news wire MTI.
A PMI over 50 signals expansion in the manufacturing sector.
Among the PMI sub-indices, the new orders index fell from the previous month but remained over the 50-point mark.
The production volume index also declined but was over 50.
The employment index indicated growth for the 14th month in a row.
Delivery times were longer in November.
The gauge of purchased inventories dropped but was above the 50-point mark.
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